Forexbody EA version 4.08 is Ready

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Reported bug mentioned in previous post is fixed now and all files replaced on site

This is a major update. We did not want to mention it here until it was accomplished and tested on live accounts both forward and backward.

Additions:

Protection module with options

Option one

create order in opposite direction : Enable / disable

Pips away: pips from original order

Trade size : ( in percentage of possibly floating trade )

Trade options for order if opened (our trade options without backtest solo option )

Option Two

Create Hedge for Open trade: Enable / disable

Pips away

Trade size : ( in percentage of floating trade )

Trade options for order if opened (our trade options without backtest solo option )

Option three

Pop message : Enable / Disable

Message: Warning account needs funding

Display until closed manually: Enable /Disable

Option four

Close trades

Pips away:

1 : close all trades

2: close largest trade

3: close most losing trade

4: close least losing trade

5: close all trades except most losing trade.

Tests showed improved performance even on volatile markets. we only tested the protection module using the first option above. Please note you should not enable more than 1 of the above options.

Default time frame: Now you can set that inside the parameter window and the EA will work internally on that time frame even if you switch your chart to any time frame. so we are back to using anytime frame. changing default time frame in the inner parameters can affect performance. changing the Mt4 chart time frame that you attach the EA on does not affect the behavior of the EA in anyway.

Changes:

Absolute No trading Hours

It used to be only the scalping module that has no trading hours, we have changed that to make No trading hours affect all modules including time trading module. and moved these options out of the scalping section to the global parameter section.

HourShift setting which is very important to set is now slightly lower in the list and you have to scroll down a bit to find it, It will be moved back to the top in future updates,

 

 

We also have done some improvements to back testing speed, however, as long as partial close and trailing stop features are used testing requires lots of computing power and high speed computers once many trades are open. you should do your back testing in the background and may take hours to complete.

 

 

 

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22 Responses

  1. Melvin says:

    I have downloaded your latest EA but the same problem is still occurring.

    • admin says:

      Please explain the problem again
      Cant ocate your prvious post

      • Melvin says:

        Your latest EA is still not deleting pending orders after their related trades are closed.

        • Melvin says:

          Hello,

          Your EA still has the same problem!! It is not deleting pending orders…

          • admin says:

            There is no way to guarantee protection module orders to work with all brokers. I suggest to delete excess pending orders manually or disable it or choose another option. In my tests i see all unused orders cancelled.

          • Melvin says:

            wad are the recommended settings for option 2 hedging?

  2. Abel Eduardo Sanchez Gomez says:

    Hello i write you because i´m interesting in new EA 4.08.

    The resuls in backtest are with or whitout spreads?
    How does it works? Is a martingale? Volume? based on indis? etc…
    Results in backtesting are the same in a real account?
    How does it manage the account with respect to volumes by position and stop losses?
    Could the EA blows up the account?

    • admin says:

      You can work thousans of possible strategies with this EA, it is not indicator based, lease back test and check other pages on the site
      of course it can blow account since you are working ith high levrage
      Our EA uses less leverage on larger accounts
      so smaller account are more likely at risk

  3. chris says:

    hi i’m looking to backtest your different modules seperately from each module, could u tell me how to do this operation, I seem to be having difficulty getting results when I change any of the settings

    • admin says:

      To simplify things for backtesting, we now included basic version so Normal module can be tested by itself
      But you can also Enable . Disable Each module within the main EA.

  4. We are interested in hosting a commercial version of your EA. Please contact me at sgardner@skydesks.com. Look forward to hearing from you.

    • admin says:

      This is the commercial version of the EA is on the First post always free for download
      It works for 60 days
      We prevent expiration for those who pay after they are happy with the EA performance

  5. Rod says:

    This is one big EA. Cheers to the programmers for a fine effort..
    It would be nice to have some more templates from live runs..
    anyone?
    cheers
    R

    • admin says:

      Testing markets takes lots of time and computing power, we provide ready template for the most liquid pair and it is not the best that can be made, but you are encouraged to research other markets with our EA, it is acually a market research tool. We encourage you to create templates and if you succeed in creating one, you are allowed to sell for any price you wish and keep all the profit as long as you are permanently registered with us

  6. Scout says:

    Today I modify the lot setup and the EA stop working. In the log Metatrader says: an error occurs while checking product validation.
    The product validation input window doesn’t pop up.
    I restart MT4 and my computer for several times. It doesn’t work. The code input window doesn’t show.
    Any idea about this? Thanks!

    • admin says:

      This has nothing to do with your settings changes
      There is no window to pop up
      The EA is failing to validate your license due to connectivity issue
      It could be a firewall or a bad proxy in use or even AV blocking
      Try with another computer or another Windows user profile and identify the issue
      I apologize for the delay on answering this comment

  7. matt says:

    hello, how do we know which excess pending orders to delete or whether this is done automatically? hotforex account. also, can this ea be run with others on the same account or not?

    thanks

    • admin says:

      It maybe hard to figure out but the EA does delete orders unless you keep getting disconnected or restarting mt4 often
      If that is the case you should disable that option (pending orders )
      You can never run with other EAs on same platform, the EA calculates lots based on free equity thus no other EA is allowed to trade with it

  8. Arun Deepak says:

    “Connectivity error to authentication server” This message iam receiving can you guide me i am practicing in demo server and i need to apply in live trading plateform soon and also i need to buy can you help me

    • admin says:

      We really have disabled such errors long time ago but id you are still getting it make sure you have latest version
      further check your firewall or proxy if used

  9. Henry says:

    Hello i want to know if this ea can trade account of $200 or $300 and can it double the account in one month cos i have seen it features and i love its trailing stop techniques and the scalping efficiency embeded in its master piece.
    Thank you.

    • admin says:

      It can work with even smaller accounts if it support 0.01 lots and there are times when accounts are doubled in less than a month but there are times when accounts are lost there are no guarantees in Forex

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